Document Type : Research Paper
Abstract
Our current research aims to demonstrate the extent to which opacity financial reporting affects investor sentiment toward a sample of (8) banks listed on the Iraq Stock Exchange, using quantitative data for the financial period (2019-2022). The number of observations reached (32). The independent variable, opacity financial reporting, was measured using discretionary accruals according to the model (Kothari et al., 2005). The dependent variable was measured using the stock turnover rate. Hypotheses were tested using the statistical program (SPSS). The results of our research showed that the null hypothesis was rejected and the alternative hypothesis was accepted, which is that there is a significant effect of opacity financial reporting on investor sentiment toward the banks in the research sample. Companies, investors, and regulatory and legislative bodies associated with the market can benefit from these results because they provide information and results that they can use to make future financial decisions.
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